General Motors (NYSE:GM) on Monday revealed its new electric Chevrolet Blazer that’s expected to compete against the Ford (NYSE:F) Mustang Mach-E and Tesla (NASDAQ:TSLA) Model Y crossover EVs.
The vehicle marks an important launch for the Detroit automaker in attracting attention and more mainstream consumers to EVs.
The 2024 Blazer EV is expected to arrive in dealer showrooms beginning next summer, according to GM. Starting pricing will range from about $45,000 for an entry-level Blazer to $66,000 for a “SS” performance variant that will produce up to 557 horsepower and 648 pounds-foot of torque.
GM estimates the crossover will be capable of 0-60 mph in less than four seconds, comparable to the Model Y Performance and Mach-E at about 3.5 seconds.
Features and capabilities of the Blazer EV will range based on the four vehicle models. GM expects the electric range of the vehicle – an important number for EV owners – to be between 247 miles and 320 miles, based on the variant. The company will also offer a variant for police use based on the SS model, officials said.
The new Blazer EV will be produced at GM’s plant in Ramos Arizpe, Mexico, where the traditional Blazer is assembled.
While the new EV shares the Blazer name and plant with a traditional internal combustion engine model, the vehicles are completely different in development, performance and looks.
The EV is based on GM’s new Ultium platform, which is expected to underpin the automaker’s next-generation electric vehicles.
GM shares began Tuesday up 85 cents, or 2.6%, to $33.47.